Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Rain Man]

Originally Posted by Hog Farmer

Dammit rain, I gave you the lead on it. If you had bought 1 million shares you'd have $160 million dollars.

I spent it buying a mid-sized Caribbean island that was pure folly.

[Hog's Gone Fishin]

Originally Posted by Rain Man

I spent it buying a mid-sized Caribbean island that was pure folly.

Ahhh, Either way is good

[Pepe Silvia]

I make sure that I starve in the woods with 50 cents.

[JohnnyHammersticks]

Originally Posted by TigerUppercut

Want to make a nice investment that will cash out well in the next few years?

Aclaris Therapeutics and Portola Pharmaceuticals.

You're welcome.

Damn brother, I owe you a steak dinner or bottle of champagne or both! Based solely on your post, I started doing research on these and ended up buying 500 shares of Portola at $37.88. Kept averaging down every time it got below my entry point. Ended up with 1000 shares at $37.66. They just got a drug approval about an hour ago and the price skyrocketed. It's around $55 now, I'm up around $18,000 so far, and I'm holding because the other drug they have in clinical trials is even more likely to get approved than the one that got approved today.

Nice work, and THANK YOU VERY MUCH!!

Are you holding any?

[TigeRRUppeRRcut]

Originally Posted by JohnnyHammersticks

Damn brother, I owe you a steak dinner or bottle of champagne or both! Based solely on your post, I started doing research on these and ended up buying 500 shares of Portola at $37.88. Kept averaging down every time it got below my entry point. Ended up with 1000 shares at $37.66. They just got a drug approval about an hour ago and the price skyrocketed. It's around $55 now, I'm up around $18,000 so far, and I'm holding because the other drug they have in clinical trials is even more likely to get approved than the one that got approved today.

Nice work, and THANK YOU VERY MUCH!!

Are you holding any?

You're welcome. I will probably sell 25% since I purchased a good chunk pretty low and let the rest ride. I think there's more good news to come but there will probably a little volatility until that news comes out. Still surprised there hasn't been any news on andexanet alfa and we are into late Q2

[JohnnyHammersticks]

Originally Posted by TigerUppercut

You're welcome. I will probably sell 25% since I purchased a good chunk pretty low and let the rest ride. I think there's more good news to come but there will probably a little volatility until that news comes out. Still surprised there hasn't been any news on andexanet alfa and we are into late Q2

Conference call at 4:30eastern might provide more clarity on Andexanet. I think it will be more good news, and if you crunch the numbers, I think this stock has a lot more room to run. Congratulations on your gains, and thanks again so much! I'm going to hold this for a year from my entry, at which time I believe your tip will pocket me over $50K.

[TigeRRUppeRRcut]

No kidding? I'll be hoping for the best. Glad you trusted my advice and that it worked in our favor

[JohnnyHammersticks]

Originally Posted by TigerUppercut

No kidding? I'll be hoping for the best. Glad you trusted my advice and that it worked in our favor

You are the freaking MAN!

[Hog's Gone Fishin]

Originally Posted by TigerUppercut

No kidding? I'll be hoping for the best. Glad you trusted my advice and that it worked in our favor

He hasn't made a dime until he sells it ! My advice from experience.

[Buehler445]

Back to investing.

I am self employed and am needing to set up an additional Roth IRA. I have one through a company a buddy of mine works for. I told him I'd give it a shot. It's meh. I'm going to do one that works on my terms.

Since this is self directed, I'm looking for the following:
1. Lowest overhead/fees - cost essentially. I won't be running a lot of trades so I'm not as concerned with commission, but I need the cost to be low.

2. Convenience - I'm busy as ****. I need to make something happen with a low time commitment. I'm disciplined enough I don't necessarily need direct deposit, but it wouldn't be a bad look. I just don't want to **** with this thing during the busy season.

Anybody have experience with any companies out there?

[lewdog]

Originally Posted by Buehler445

Back to investing.

I am self employed and am needing to set up an additional Roth IRA. I have one through a company a buddy of mine works for. I told him I'd give it a shot. It's meh. I'm going to do one that works on my terms.

Since this is self directed, I'm looking for the following:
1. Lowest overhead/fees - cost essentially. I won't be running a lot of trades so I'm not as concerned with commission, but I need the cost to be low.

2. Convenience - I'm busy as ****. I need to make something happen with a low time commitment. I'm disciplined enough I don't necessarily need direct deposit, but it wouldn't be a bad look. I just don't want to **** with this thing during the busy season.

Anybody have experience with any companies out there?

So you have a ROTH IRA already but want another one? This is a bit confusing as your total contribution limit for the year won't change by adding another one. I'd just up your contribution to your work one if that's the case, to max it out.

Vanguard probably meets what you want. Numerous, low cost funds with excellent track records.

If you are unsure or don't want to make many moves, simply buy into a target date fund and it resets your allocation (stocks/bonds) for you as you age.

[Hog's Gone Fishin]

Originally Posted by Buehler445

Back to investing.

I am self employed and am needing to set up an additional Roth IRA. I have one through a company a buddy of mine works for. I told him I'd give it a shot. It's meh. I'm going to do one that works on my terms.

Since this is self directed, I'm looking for the following:
1. Lowest overhead/fees - cost essentially. I won't be running a lot of trades so I'm not as concerned with commission, but I need the cost to be low.

2. Convenience - I'm busy as ****. I need to make something happen with a low time commitment. I'm disciplined enough I don't necessarily need direct deposit, but it wouldn't be a bad look. I just don't want to **** with this thing during the busy season.

Anybody have experience with any companies out there?

I use Etrade , no fee for Mutual funds from Etrade as far as I can tell, I just set one up for my daughter 6 months ago.You can use their research to find one you like.

[Buehler445]

Originally Posted by lewdog

So you have a ROTH IRA already but want another one?

Vanguard probably meets what you want. Numerous, low cost funds with excellent track records.

If you are unsure or don't want to make many moves, simply buy into a target date fund and it resets your allocation (stocks/bonds) for you as you age.

Thanks!

Do you have an account there? I looked into them after doing a case study in college round about a million years ago. (Which is an amazing advertising tool - put your case study in a business textbook). I know their funds are typically well represented in the performance listings, but was apprehensive because they only used Vanguard funds. Has it been a problem for you?

[Buehler445]

Originally Posted by Hog Farmer

I use Etrade , no fee for Mutual funds from Etrade as far as I can tell, I just set one up for my daughter 6 months ago.You can use their research to find one you like.

That sounds good. I didn't think about Etrade allowing Roth's.

[lewdog]

Originally Posted by Buehler445

Thanks!

Do you have an account there? I looked into them after doing a case study in college round about a million years ago. (Which is an amazing advertising tool - put your case study in a business textbook). I know their funds are typically well represented in the performance listings, but was apprehensive because they only used Vanguard funds. Has it been a problem for you?

I edited my post above after I think you saw it. Can you answer those for me? Why have another ROTH? Your total contribution for the year will be the same regardless of how many accounts you have.

My wife's ROTH IRA is through Vanguard. They have the lowest fees of any mutual fund company, plenty of options. You can buy individual stocks for $7 for the first 25 trades and I think and that rests every year (but you'll have to check that, maybe not). I have my ROTH through TRowePrice, mostly because my dad started it there for me when I was in middle school. Their fees are more but they have more specialty funds to choose from, although I've thought about moving it over to Vanguard as well due to fees being cheaper. Cheap fees for retirement planning is my preferred method of investing! My 401k through work offers some Vanguard index funds and that's where I park most of my money.